Tuesday, November 19, 2013

Solar and Energy Efficiency Securitization Emerge | Renewable Energy World

Organizations are beginning to securitize solar and energy efficiency loans to allow greater levels of investment. Securitization involves pooling loans to create consolidated securities that investors can purchase. Recently, SolarCity securitized $54.4 million in loans for solar photovoltaic installations. Also, the Green Jobs – Green New York program has achieved a high bond rating for securitized energy efficiency loans. 

“I think, ultimately, securitization through the asset-backed market is the only thing we can do to achieve large scale,” said Cisco DeVries, president and CEO of Renewable Funding. He said it is crucial to get the secondary market to scale to reach national and state solar power and energy efficiency goals.


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